Software Defined Networking Market to See a Massive 50%+ Growth to 2024

iBeacon platform in global beacon technology market is predicted to account for more than 50% of industry revenue share by 2024 by when Google's Eddystone expected to witness high CAGR owing to an extensive Android user-base and consistent upgradation of the platform by the company.

SELBYVILLE, Del., March 12, 2018 /PRNewswire-iReach/ -- Software Defined Networking (SDN) Industry Background

SDN is a novel approach to the networking that facilitates the network management and provides a programmatically efficient network configuration to enhance network performance. It focuses on providing an open interface that assist in the development of the software that can control the connectivity provided by the network resources. The explosion of the content and mobile devices, advent of cloud services, and server virtualization are among the major trends driving the growth of the software defined networking market.

Software Defined Networking (SDN) Market Overview

The increasing adoption of the cloud services and IT convergence is one of the primary factor that is driving the growth of the market. Over the past five years, a rapid surge in the adoption of cloud services has been witnessed. It is driven by its capabilities to provide enterprise wide array of resources they can utilize to scale, orchestrate, and support their operations. Cloud computing untethers the underlying infrastructure and applications, offering a level of dynamism that did not exist in traditional infrastructure. Furthermore, as the demand of cloud computing increases, it will increase the pressure on the network to cope with the flexibility, scalability and programmability of this virtualized model. This results in ample use-cases for SDN and will fuel the demand for SDN market solutions.

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Software Defined Networking (SDN) Market By End-Use             

Cloud service providers are one of the major end-users of the SDN market solutions. They are leveraging the capabilities of SDN to develop a cloud inter-network for increasing the scalability and flexibility of the cloud computing platforms. It provides a dynamic network infrastructure that can modify the traditional network into an excellent service delivery platform. Furthermore, SDN adoption in the cloud can enhance the security, network manageability, and dynamism in the data center, fueling the SDN market growth.

Software Defined Networking (SDN) Market By Application

The manufacturing industry is estimated to witness substantial growth during the forecast timeline. The growth of the market is attributed to the increasing digitalization in the manufacturing industry and need to improve operational efficiency and reduce capital expenditure. SDN increases the operational flexibility of the manufacturing industry by allowing them to accelerate the application deployment and reduce the organization's IT cost by workflow automation. The approach also has the capability to reduce the capital expenditure by reducing the cost of switches, routers, and other hardware component. These are the major factors that are augmenting the demand for the SDN market among manufacturers.

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Competitive Software Defined Networking (SDN) Industry Share

Some of the major vendors present in the SDN market are AT&T, IBM, HP, Cisco, Big Switch Network, Intel, Juniper, Huawei, Arista Network, NEC Corporation, Extreme Networks, Pluribus, Pics8 and Plexxi. Mergers & acquisitions are set to be the most common strategies used by the market players to improve their product portfolio, gain technical expertise, and acquire workforce. For instance, in 2015, Cisco acquired Embrane, a data center SDN solution provider, to strengthen its position in virtualization and SDN market.

Software Defined Networking (SDN) Market By Region

Asia Pacific SDN market is estimated to be the fastest growing region owing to the adoption of the cloud services. The investment by the telecom service providers in the region for enhancing the network infrastructure is also one of the primary factor driving the growth of the market. For instance, China's telecom giants – China Unicom, China Mobile, and China Telecom are set to invest more than USD 180 billion by the year 2023 on 5G infrastructure, which is estimated to augment the growth of the market. In addition, improved internet penetration, mobile subscription and adoption of smartphones are also estimated to back the growth of the SDN market.

Browse key industry insights spread across 270 pages with 156 market data tables & 34 figures & charts from the report, "Software Defined Networking (SDN) Market Size By Component (Solutions [Physical Network Infrastructure, SDN Controller, SDN Applications], Services [Professional Services, Managed Services]), By End-Use (Enterprises, Cloud Service Provider, Telecom Service Provider), By Application (BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, IT Enabled Services), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, North Africa), Growth Potential, Competitive Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:

Chapter 5.   Global SDN Market, By Component

5.1.  Global SDN market share by component, 2013 & 2024

5.2.  Solution

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Software market, by region, 2015 – 2024

5.2.3. Physical network infrastructure   Market estimates and forecast, 2013 - 2024   Physical network infrastructure market, by region, 2015 – 2024

5.2.4. SDN controller   Market estimates and forecast, 2013 - 2024   SDN controller market, by region, 2015 – 2024

5.2.5. SDN application   Market estimates and forecast, 2013 - 2024   SDN applications market, by region, 2015 – 2024

5.3.  Service

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Service market, by region, 2013 - 2024

5.3.3. Professional service   Market estimates and forecast, 2013 - 2024   Professional service market by region, 2013 - 2024

5.3.4. Managed service   Market estimates and forecast, 2013 - 2024   Managed service market by region, 2013 - 2024

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